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Shawnee Mission staff outline $618.2 million budget, say proposed mill levy will slightly exceed revenue-neutral rate
Summary
District staff told the Shawnee Mission Public Schools Finance & Facilities Committee the proposed 2025–26 budget is $618.2 million, the mill levy would be 50.835 (slightly above the county'calculated revenue-neutral rate), and the district plans a controlled $4.5 million deficit spend to increase compensation while keeping reserves above policy.
Russell M., chief financial officer for Shawnee Mission Public Schools, told the Finance & Facilities Committee that the district will take two public hearings on Monday: the revenue-neutral rate hearing and the budget hearing, and that the proposed 2025–26 budget totals about $618,200,000. "We are at the conclusion of the approval process come Monday night. We will have our revenue neutral rate hearing and our budget hearing followed with, 3 action items that will be presented to the board," Russell said.
The district reported an ending fund balance of roughly $49,600,000 for fiscal 2024–25, representing about 18.5% of expenditures, above the district policy DBB target range of 10%–15%. Russell said staff plan a targeted deficit spend of about $4,500,000 in 2025–26 to boost salary packages, which would reduce reserves to roughly $45,000,000 (about 15.6% of expenditures) but still leave a cushion for potential federal funding disruptions.
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